Porsha Belle is now in the Credit Repair Business! 10/28/17

by **Ssmith** Sun Oct 29, 2017 10:39 am

After all the TDA reversals, late fees, checking/credit card accounts closed, cars repossessed, home foreclosures, utilities turned off..... people are finding their credit rating is trashed. Donations to Porsha's GoFundMe campaign to start a bank have dried up.

What now? Well, Porsha still needs money and has came up with a plan. She's now offering to fix people's credit rating that was ruined by paying bills with a nonexistent Treasury account that she previously promoted.

If you were gullible enough to follow Porsha in the TDA fiasco, did you learn anything? If you did, you won't be paying her for credit repair.

by **Ssmith** Sun Oct 29, 2017 10:47 am

There are other red flags you should keep an eye out for when looking for a reputable credit repair company.

“The FTC prohibits credit repair companies from charging for credit repair before any work is complete,” Padawer said. “Run fast from anyone who asks for money upfront or who promises a new credit file overnight.”

Here are some of the things you should want from a credit repair company.

They know your rights and want you to understand them, too. Before you sign any contract, a reputable credit repair company will explain your consumer credit rights to you and answer any of your questions regarding those rights.
They want to know your story. It’s important for a credit repair company to understand why you want to dispute an item on your report so they can make sure those three standards Padawer mentioned — accuracy, fairness and full substantiation — are upheld by the data furnishers and the credit bureaus.
They can explain, in detail, what they can do to represent you to the credit bureaus. Any good credit repair company knows what they can and can’t do for you and should be able to outline their services so you fully understand what you’re getting.

https://www.credit.com/credit-repair/

by **Ssmith** Sun Oct 29, 2017 10:58 am

Credit Repair Scams

You've probably seen ads from companies promising a “new credit identity” — that is, a fresh start for your credit history. It may seem like just the thing you need to get your credit back on track, but it’s actually a scam. These companies often sell Social Security numbers illegally. If you use a number other than your own to apply for credit, not only won’t you get credit, but you also could face fines or prison.

If your credit is less than golden, there are steps you can take to repair it on your own, at no cost. Only time and a personal debt repayment plan will improve your credit.

Signs of a Credit Repair Scam

You’ll know you’re encountering credit repair fraud if a company:

insists you pay them before they do any work on your behalf
tells you not to contact the credit reporting companies directly
tells you to dispute information in your credit report — even if you know it's accurate
tells you to give false information on your applications for credit or a loan
doesn’t explain your legal rights when they tell you what they can do for you

Ads That Promise a "New Credit Identity"

Companies promising a “new credit identity” say they can help you hide bad credit history or bankruptcy for a fee. If you pay them, these companies will provide you with a nine-digit number that looks like a Social Security number. They may call it a CPN — a credit profile number or a credit privacy number. Or, they may direct you to apply for an EIN — an Employer Identification Number — from the Internal Revenue Service (IRS). EIN’s are legitimate numbers, typically used by businesses to report financial information to the IRS and Social Security Administration — but an EIN is not a substitute for your Social Security number.

The credit repair companies may tell you to apply for credit using the CPN or EIN, rather than your own Social Security number. And they may lie and tell you that this process is legal. But it's a scam. These companies may be selling stolen Social Security numbers, often those taken from children. By using a stolen number as your own, the con artists will have involved you in identity theft.

If you follow a credit repair company’s advice and commit fraud, you might find yourself in legal trouble. It’s a federal crime to:

lie on a credit or loan application
misrepresent your Social Security number
obtain an EIN from the IRS under false pretenses

The bottom line is that if you use the number they sell you, you could face fines or time in prison.

Your Credit Rights

The Credit Repair Organization Act (CROA) makes it illegal for credit repair companies to lie about what they can do for you, and to charge you before they've performed their services. This law, which is enforced by the Federal Trade Commission, requires credit repair companies to explain:

your legal rights in a written contract that also details the services they'll perform
your three day right to cancel without any charge
how long it will take to get results
the total cost you will pay
any guarantees

What if a credit repair company you hired doesn't live up to its promises? You have some options.

You can sue them in federal court for your actual losses or for what you paid them, whichever is more
You can seek punitive damages — money to punish the company for violating the law
You can join other people in a class action lawsuit against the company, and if you win, the company has to pay your attorney's fees

Report Credit Repair Fraud

State Attorneys General

Many states also have laws regulating credit repair companies. If you have a problem with a credit repair company, report it to your local consumer affairs office or to your state Attorney General (AG).

Federal Trade Commission

You also can file a complaint with the Federal Trade Commission. Although the FTC can't resolve individual credit disputes, it can take action against a company if there's a pattern of possible law violations. File your complaint online at ftc.gov/complaint or call 1-877-FTC-HELP.

https://www.consumer.ftc.gov/articles/0225-credit-repair-scams

by **Ssmith** Sun Oct 29, 2017 11:07 am

Porsha encourages people to get CPN (credit privacy numbers), EIN numbers, etc.. More Red Flags!

by **Purpleskyz** Sun Oct 29, 2017 3:20 pm

wow!

Porsha Belle is now in the Credit Repair Business! 10/28/17 3508649203

by Eyes Wide Shut Sun Oct 29, 2017 10:56 pm

Dammmnnnn. Does it ever stop?!! One scam after another. This broad is a real sicko.

Porsha Belle is now in the Credit Repair Business! 10/28/17